Get Over Your Industrial Complex
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On Monday, General Motors spooked the entire economics community, financial and academic, when it reported that it was hemorraging $2 billion a month and might be forced to declare bankruptcy. If their cash reserves dip below $10 billion, the company said it will be unable to pay its health care obligations or even finance its [...]
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David Blaine, watch your back. Despite your impressive resume of awe-inspiring street magic and death-defying physical exploits, a far better illusionist is attempting to complete his last and most astonishing trick. A vanishing act, so incredibly unbelievable, that it will forever be considered one of the greatest acts of deception ever displayed to an audience. [...]
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On Tuesday night, with the resounding selection of Barack Obama as the 44th President of the United States, the latest test case in the trial of idealism successfully earned a place back on the American docket.
It was a moment of emotional catharsis for idealism’s often denigrated liberal clerks, whose flowing tears and unrelenting exclamations of [...]
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For as long as I can remember, I have heard nightmarish tales from conservative pundits of the spectre of a “liberal bias” in the mainstream media. Ranging from the patently absurd to the clearly insightful, these claims have resurfaced in the current presidential election with a vengeance. John McCain, who consistently joked that the media [...]
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In what has to be the most shocking ideological shift caused by the American sub-prime lending crisis, Alan Greenspan has tentatively reversed his position on the ability of financial institutions to regulate themselves. A stalwart defender of the free-market and deregulation during his 18-year tenure as chairman of the Federal Reserve, Mr. Greenspan testified on [...]
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While the current global financial crisis has its immediate roots in the collapse of the American housing bubble, there has been little to no discussion about the deeper causes of the meltdown. As you’ve probably read many times elsewhere, the internal practices of the financial sector – AIG, Merrill, Lehman, Mac – triggered the floodgates [...]
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John McCain’s presidential campaign is starting to do quite poorly. According to the latest ABC/Washington Post national polling data, Democratic hopeful Barack Obama has opened a ten point lead - 53% to 43% – over his Republican rival. Indeed, states that “should have been” solid red like Virginia, North Carolina, and Florida are turning pall [...]
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If recent polling data is any suggestion of what may occur on election day, then I would be forced to say that the United States is undergoing a massive political transformation. With no toss-up states, Obama has a 353-185 lead in the electoral college. In order to lose, the Obama-Biden ticket would have to drop [...]
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While news about the American presidential election and the proposed bailout of Wall Street has dominated the front pages, many people have missed an interesting story about the hijacking of an Ukrainian cargo ship off the coast of Somalia. According to the New York Times, the cargo ship, known as the Faina, was carrying a [...]
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With the vice-presidential debate between Joe Biden and Sarah Palin only days away, many Republican pundits have adopted a new theory for the reason Palin has floundered in recent interviews. It isn’t because she is not knowledgeable or ill-equipped to hold executive office, but that the McCain campaign has not let her “be herself” since [...]
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Californian Jurisprudence To The Rescue?
by Anthony Kanigliero on November 24, 2008
in Commentary
Every morning I drive down Santa Monica Boulevard in West Los Angeles, past the largest Mormon Church in Southern California. Before Proposition 8 – the state referendum functionally banning gay marriage – passed, I felt fairly ambivalent towards the looming concrete structure, anointed by the large gold figurine of a man pointing east towards Jerusalem. [...]
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